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Xero has also received funding from various investors. In 2009, it received NZ$23 million of funding led by MYOB founder, Craig Winkler. [ 36 ] It raised an additional NZ$4 million in 2010 from Peter Thiel 's Valar Ventures who also invested an additional US$16.6 million in February 2012. [ 37 ]
Oct 14, 2013 · Xero, the global leader in online accounting software, has raised US$150 million of new capital from existing shareholders Matrix Capital Management, Peter Thiel backed Valar Ventures and a...
Andrew McCormack and James Fitzgerald are the managing partners of the firm. [4] Investments. Valar was notably the first venture fund to invest in Xero. The fund made its initial investment in Xero in October 2010 at a valuation of approximately $98 million. [5] .
Nov 30, 2012 · Peter Thiel's Valar Ventures has invested as part of a $67 million round in New Zealand-based Xero, which makes online accounting software for small businesses.
Nov 29, 2012 · Xero Limited (XRO) has raised NZ$60 million of new capital from Valar Ventures (backed by Peter Thiel) and Matrix Capital Management. Matrix Capital Management is investing NZ$58 million and Valar Ventures NZ$24 million.
Sep 12, 2017 · In October 2010, Thiel purchased a $NZ4 million stake in Xero through his company Valar Ventures.
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Apr 18, 2012 · Xero Limited is a software-as-a-service company. It operates a global small business platform which includes a core accounting solution, payroll, workforce management, expenses, and projects. Its segments include Australia and New Zealand (ANZ), and International.
